Construction

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Construction

High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC

​According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.

Construction

Wesgroup SVP Of Development Brad Jones On The Challenges With DCCs, REDMA

​A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.

Construction

‘There’s Going To Be A Crisis’: New Condo Construction Is Heading Toward A Cliff

“This is not something where you can flick a switch and all of a sudden we have deliveries. We know that if we're not starting anything in ‘25, there are going to be no deliveries in ‘28.”

Construction

High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs: CMHC

​The City of Vancouver is leading the region in rental housing starts, while condominium developments are moving out to suburbs like Burnaby and Surrey.

Construction

Gap Between Population Growth And GTA Housing Stock At 50-Year High

"This is a bright red warning light on the dashboard for all levels of government. Without bold steps, the housing crisis in the GTA is going to get far worse in the years ahead," says President and CEO of BILD David Wilkes.

Real Estate News

GTA Reaches New "Historical Low" With Fewer Than 500 New Home Sales In August

“August’s new home sales data paints a stark picture of a housing market that is struggling with deep structural issues that have made the cost to build too high," says BILD rep Justin Sherwood.

Construction

Canadian Housing Starts Drop 22% In August, Undo July Gains

The decline brings the seasonally adjusted total housing starts from July's 279,804 units down to 217,405.

Construction

Metro Vancouver Developers Link Arms, Take Aim At DCC Increases

​Developers such as Wesgroup, Polygon, Anthem, Strand, and Edgar are pushing the Metro Vancouver Regional District to reconsider DCC increases.

Construction

New Edmonton Auto-Review System To Bring Same-Day Approval For Development Permits

Those applying to build a detached or semi-detached home in Edmonton, can have shovels in the ground that same day, thanks to a new automated review system.

Industry

HCRA Lays 124 Charges Against Toronto Homebuilder In Largest-Ever Investigation

“The charges include illegal building and selling, failure to enrol homes, failure to comply with conditions, and being a party to an offence.”

Construction

Construction Associations Push BC To Create Ministry Of Construction

The BCCA and VRCA published a joint press release this week with their proposal for a new Ministry of Construction.

Construction

BC Updates Building Code To Allow Single Egress Designs For Mid-Rise Buildings

​The Province hinted that it was going to be making this change to the BC Building Code over the summer and has now officially moved forward with it.